This is BTCUSD daily price analysis, provided by Mudrex (automated crypto investing platform). This analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
You can find price analysis from previous days on blog here and on Tradingview here.
Market in last 24hrs
- BTCUSD saw a sideways movement touching the midline band
- Price volatility was low. The market moved ~1.78%, between $10.8k and $10.61k
Today’s Trend analysis
- BTCUSD expected to see a downtrend as the price got resistance form upper band with breaking the midline support
- Price at time of publishing: $10,653
- BTC’s market cap: $197 Billion
- Oscillator indicators are mostly neutral. RSI at 49
- Moving average indicators are indicating a downtrend Ichimoku Cloud is neutral
- Volume indicators from observed similar value for blue candles while increase in volume fore red candles
Price expected to see a downtrend as the price got resistance form upper band with breaking the midline support. Most of the Oscillator indicators are neutral. MACD line moving above signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 49, close to the midline in the neutral region. CCI at around -6, in the neutral region with a slight downmove. Another interesting point to notice here is that the volume observed similar value for blue candles while increase in volume fore red candles indicating a shift to sellers.
Most of the oscillators are neutral. CCI at -9 in the neutral region with a slight downmove. RSI with a value of around 49 close to the midline in the neutral region.
Definition:- Oscillator indicators are based on the market’s property that what goes up must come down. Reversion to the mean is one of the most fundamental properties of any market. Oscillators are predictive in nature, specifying future price momentum.
|Relative Strength Index (14)||49.69||Neutral|
|Stochastic %K (14, 3, 3)||53.85||Neutral|
|Commodity Channel Index (20)||−8.89||Neutral|
|Average Directional Index (14)||17.03||Neutral|
|MACD Level (12, 26)||33.3||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||33.33||Neutral|
|Williams Percent Range (14)||−65.52||Neutral|
|Bull Bear Power||−89.79||Neutral|
|Ultimate Oscillator (7, 14, 28)||51.98||Neutral|
Moving Average Indicators
Moving average (MA) indicators ae indicating a downtrend. Ichimoku Cloud is neutral and Hull MA is indicating a selling opportunity.
Definition:- Moving Average indicators are lagging indicators that help catch trends when they are beginning to take effect. The idea is to buy when the trend is moving up and sell when the trend is falling.
|Exponential Moving Average (5)||10694.81||Sell|
|Simple Moving Average (5)||10711.28||Sell|
|Exponential Moving Average (10)||10693.14||Sell|
|Simple Moving Average (10)||10710.47||Sell|
|Exponential Moving Average (20)||10662.36||Sell|
|Simple Moving Average (20)||10658.28||Sell|
|Exponential Moving Average (30)||10650.94||Sell|
|Simple Moving Average (30)||10576.36||Buy|
|Exponential Moving Average (50)||10651.58||Sell|
|Simple Moving Average (50)||10662.57||Sell|
|Exponential Moving Average (100)||10682.14||Sell|
|Simple Moving Average (100)||10653.45||Sell|
|Exponential Moving Average (200)||10779.82||Sell|
|Simple Moving Average (200)||10814.8||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||10484.15||Neutral|
|Volume Weighted Moving Average (20)||10648.75||Sell|
|Hull Moving Average (9)||10706.32||Sell|
In the recent few candles, the volume saw a similar value around 700 for blue candles while increased from 312 to 700 for red candles being below the 20-candle moving average which decreased from 1.45k to 1.18k.
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